MTY Food Group, Inc. operates as a franchisor in the quick service food industry. The company engages in the franchising and operation of corporate owned locations under a multitude of banners throughout Canada. As of November 30, 2008, the company had 1,023 locations in operation, of which 996 were franchised and 27 locations were operated by it.The company franchises and operates quick service restaurants under the banners Tiki Ming, Sukiyaki, La Cremiere, Veggirama, Caferama, Au Vieux Duluth Express, Carrefour Oriental, Panini Pizza Pasta, Chick N Chick, Franx Supreme, Croissant Plus, Villa Madina, Cultures, Thai Express, Mrs. Vanelli's, Kim Chi, TCBY, Yogen Frz, Sushi Shop, and Koya Japan. The company inaugurated its Vie & Nam banner which involves in Vietnamese cuisine. It also launched a burger concept named Oburger.The companys locations, the majority of which are located in shopping malls and food courts, can also be found in office towers, cinemas, universities, hospitals, amusement parks and street locations.AcquisitionsIn September 2008, the companys wholly owned subsidiary, MTY Tiki Ming Enterprises Inc., purchased the assets and intellectual properties of Tutti Frutti.In October 2008, the companys wholly owned subsidiary, MTY Tiki Ming Enterprises Inc., purchased the assets of Taco Time Canada Inc. and agreed to undertake the vendors exclusive Canadian franchising rights of Taco Time in Canada.HistoryMTY Food Group, Inc. was founded in 1979.
Canada
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